The Minister for the Economy () is a member of the Cabinet in the Welsh Government. The current officeholder is Vaughan Gething MS. The position was titled Minister for the Economy and Transport from 2007 to 2011. The Minister had responsibility for the Department for the Economy and Transport, which combined two devolved functions of the Welsh Government: Business and Economy, and Transport. The department was created in June 2007, as successor to the Department for Enterprise Innovation and Networks, following the National Assembly for Wales elections in May 2007. Deputy First Minister Ieuan Wyn Jones AM was appointed to the post in July 2007, succeeding Dr Brian Gibbons AM, who had been Minister since the previous month, and held the position until 13 May 2011. The role was renamed Minister for Business, Enterprise, Technology and Science during Edwina Hart's tenure in office from 2011 to 2016. The post adopted the previous title of Economy Minister under Hart's successor, Ken Skates. Responsibilities Following the "yes" vote in the Welsh referendum of 1997, certain Westminster government executive and legislative powers were devolved to the National Assembly for Wales by the Government of Wales Act 1998. This included the power to determine how their budgets are spent and administered. These powers were increased by the Government of Wales Act 2006. Among those powers are Business and Economy, and Transport, for which the Minister for the Economy and Transport had responsibility within the Welsh Assembly Government. The department's funding was allocated by the Welsh Assembly Government, following agreement of its annual budget. The Department for Economy and Transport's stated objectives were to: create jobs across Wales stimulate enterprise and growth enhance skills for jobs Business and economy The Minister was responsible for supporting businesses in Wales, including growth and development, inward investment, provision of premises, commercial and industrial environmental improvements, and exports. Policy for the allocation of European Union Structural Funds in Wales, and its administration, was in the remit of the Minister. Transport The Minister was responsible for transport policy in specific areas. The Minister's main priorities were: development of an integrated transport system in Wales; construction, improvement and maintenance of trunk roads and motorways in Wales; Transport for Wales passenger rail services; road safety strategies including speed limits, pedestrian crossings and on-street parking. The Minister also oversaw the provision of other public transport services, such as buses. The Department Following the